Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
Silver rebounds after a challenging year-end performance in 2024. There is good reason to suspect that bullion banks deliberately lowered gold and silver prices in late 2024 to "paint the charts" and influence the year-end closing prices. This tactic seems to make sense, given the solid gains in gold and silver over the year—26% and 21%, respectively. As the new year begins, the gold and silver bull markets are poised to regain momentum and potentially surpass last year's performance. As of this writing, the price of Silver is at $ 30,095 Source: Newsmaker.id
Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said. With Trump's upcoming inauguration, gold prices have been boosted by risk-averse sentiment, analysts at CITIC Futures wrote in a note. In the coming weeks, investors will be watching Trump's policy announcements, particularly around tariffs, as a key catalyst for gold. As of this writing, Gold Prices are at $ 2,648
Silver prices rose above $30 an ounce in the mid-day U.S. session on Tuesday, hitting a near three-week high despite a stronger U.S. dollar after strong JOLTS Job Openings and ISM Services PMI data. Looking ahead, investors are focused on key U.S. labor market data this week to assess the outlook for Federal Reserve monetary policy, which could influence the direction of the dollar. Silver is also getting support from the positive economic outlook in China, the world's largest silver consumer. Beijing recently pledged to implement "more proactive" macroeconomic policies and lower interest...
Gold (XAU/USD) prices surged higher on Tuesday after the market decided to focus on the US debt issuance that will shake up the bond market this week with a large allocation of 10-year and 30-year bonds. Market participants are starting to worry whether the large amount of debt and its size does not pose a risk that a larger premium will need to be paid (higher interest rates) to get the allocation of issuance. The market also remains wary of a series of recent comments and headlines about the US tariff plan that President-elect Donald Trump wants to implement. Source: Newsmaker
Silver prices (XAG/USD) traded above $30 per troy ounce on Tuesday (7/1), which touched the highest level in almost three weeks as the US dollar weakened following reports that the new Trump administration may take a more targeted approach in implementing tariffs. Market players are currently focused on important US labor market data this week to assess the outlook for Federal Reserve monetary policy, which could affect the direction of the dollar. Meanwhile, silver is still supported by the positive economic outlook in China, the world's largest silver consumer. Beijing recently promised...
Silver prices held above the $30 an ounce level in the mid-US session on Monday as investors cautiously awaited key US economic data that could influence the Federal Reserve's monetary policy outlook. Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further. Source: Newsmaker.id
Gold prices (XAU/USD) were stable in the $2634 area at the start of the Asian trading session on Tuesday (7/1)This was driven by traders considering the risks to global trade under the new US administration, with President-elect Donald Trump denying reports that he might moderate plans for blanket tariffs. The gold price at the time of this news release was -0.5% or at $2634/Toz. Source: Newsmaker
Silver prices held above $30 an ounce in US mid-day trading on Monday as the white metal also found support from an upbeat economic outlook in China, the world's largest silver consumer. Beijing recently pledged "more proactive" macroeconomic policies and lower interest rates this year to stimulate growth. Additionally, data showed China's services sector expanded at a seven-month high in December, signaling resilient consumption. Source: Newsmaker.id
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....